August fuel price outlook: increases for petrol and diesel looking likely

After July’s mixed fuel price adjustments that saw petrol coming down slightly and diesel going up, it looks like both types of fuel will become more expensive from August.
Thankfully for those with petrol-powered cars, next month’s price hike is likely to be a small one, but owners of diesel vehicles will be hit with a more substantial increase.
Although it is too early to make an accurate prediction, current data is pointing towards an increase in the region of 10 cents per litre petrol, while diesel is looking set to go up by around 45 cents.
Those estimations are based on the interplay between the latest daily data and month-average released by the Central Energy Fund.
Keep in mind that a lot can change between now and month-end.